The Bond Tantrum Continues

Degenerate Business School

English - March 07, 2021 22:00 - 33 minutes - 22.9 MB - ★★★★★ - 16 ratings
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Previous Episode: The Near Miss in The Bond Market

Next Episode: What's an NFT?

We live in unprecedented times!

This week we witness the third consecutive week of punishing declines in the Nasdaq, and with it a mighty correction for the ARK Funds. Yet again bond yields surged in a so-called tantrum after Jerry Powell said the Fed would do nothing to manage the rate increase. And what can we look forward to on the auction block? With the economy set to surge, the Fed is sanguine about the state of play.

But hope springs eternal. I have earned roughly 79 cents in BlockFi interest. And I'm ready to buy the dip with whatever dry powder I have left.

And we ask the question. What is Jack Dorsey doing buying Jay Z's music streaming platform?